4//SEC Filing
Goode Paul 4
Accession 0001474506-25-000069
CIK 0001506983other
Filed
Mar 27, 8:00 PM ET
Accepted
Mar 28, 9:43 PM ET
Size
27.6 KB
Accession
0001474506-25-000069
Insider Transaction Report
Form 4
Glucotrack, Inc.GCTK
Goode Paul
DirectorChief Executive Officer
Transactions
- Conversion
Common Stock, par value $0.001 per share
2024-11-14$31.20/sh+796$24,835→ 2,054 total - Other
Common Stock, par value $0.001 per share
2025-02-05+1,500→ 3,554 total - Exercise of In-Money
Common Stock, par value $0.001 per share
2025-03-12+15,435→ 18,989 total - Purchase
Warrants to Purchase Common Stock
2024-07-01+2,100→ 2,100 totalExercise: $99.00From: 2024-07-01Exp: 2029-07-01→ Common Stock, par value $0.001 per share (2,100 underlying) - Award
Stock option (right to buy)
2024-06-14+3,277→ 3,277 totalExercise: $49.00Exp: 2034-06-14→ Common Stock, par value $0.001 per share (3,277 underlying) - Conversion
Convertible Promissory Note
2024-11-14$24831.00/shExercise: $31.20→ Common Stock, par value $0.001 per share (796 underlying) - Award
Series B Common Warrant
2024-11-14+796→ 796 totalExercise: $5.60From: 2025-01-03Exp: 2027-07-03→ Common Stock, par value $0.001 per share (15,435 underlying) - Purchase
Convertible Promissory Note
2024-07-18$10000.00/shExercise: $31.20→ Common Stock, par value $0.001 per share (321 underlying) - Award
Series A Common Warrant
2024-11-14+796→ 796 totalExercise: $5.60From: 2025-01-03Exp: 2030-01-03→ Common Stock, par value $0.001 per share (796 underlying) - Exercise of In-Money
Series B Common Warrant
2025-03-12+796→ 0 totalFrom: 2025-01-03Exp: 2027-07-03→ Common Stock, par value $0.001 per share (15,435 underlying)
Footnotes (8)
- [F1]This stock option award is 100% vested.
- [F2]On July 1, 2025, the reporting person purchased a promissory note in the principal amount of $14,000 and an accompanying warrant to purchase shares of common stock, par value $0.001 per share (the "Common Stock") at an exercise price of $99.00 per share.
- [F3]On July 18, 2024, the reporting person purchased a convertible promissory note in the principal amount of $10,000 (the "Note"). The Note bears simple interest at the rate of eight percent (8%) per annum and is due and payable in cash on the earlier of: (a) the twelve (12) month anniversary of Note, or (b) the date of closing of a Qualified Financing (defined below) (the "Maturity Date").
- [F4]If not sooner repaid, all outstanding principal and accrued but unpaid interest on the Note (the "Note Balance"), as of the close of business on the day immediately preceding the date of the closing of the next issuance and sale of capital stock of the Company, in a single transaction or series of related transactions, to investors resulting in gross proceeds to the Company of at least $500,000 (excluding indebtedness converted in such financing) (a "Qualified Financing"), will automatically be converted into that number of shares of equity securities of the Company sold in the Qualified Financing equal to the number of shares calculated by dividing (X) the Note Balance by (Y) an amount equal to the price per share or other unit of equity securities issued in such Qualified Financing, and otherwise on the same terms as the security issued in the Qualified Financing, provided that the conversion price per share shall not be lower than $31.20 (the "Floor Price").
- [F5]On November 14, 2024, the issuer completed a Qualified Financing and all outstanding principal and accrued but unpaid interest on the Note converted into Common Stock at the Floor Price.
- [F6]On November 14, 2024, in connection with the conversion of the Note, the reporting person was issued Series A common warrants (the "Series A Common Warrants") to purchase Common Stock and Series B common warrants (the "Series B Common Warrants") to purchase Common Stock, each with an exercise price of $5.60 per share; provided that, at any time while the Series B Common Warrants are outstanding, the holder could exercise the Series B Common Warrants on a cashless basis pursuant to an alternate cashless exercise option, pursuant to which the holder of the Series B Common Warrant had the right to receive an aggregate number of shares of Common Stock equal to the product of (i) the aggregate number of shares of Common Stock that would be issuable upon a cash exercise rather than a cashless exercise of the Series B Common Warrant and (ii) 3.0 (the "Alternative Cashless Exercise").
- [F7]On March 12, 2025, the reporting person effected an Alternative Cashless Exercise of the Series B Common Warrants and exercised the warrants on a cashless basis via a warrant exchange for 15,435 shares of Common Stock.
- [F8]On October 7, 2022, the reporting person entered into an into Intellectual Property Purchase Agreement (the "IP Purchase Agreement") with the issuer, pursuant to which the reporting person is entitled to certain specified milestone payments, payable in Common Stock, as set forth in the IP Purchase Agreement. Upon the achievement of the first and second milestones contemplated by the IP Purchase Agreement, the reporting person was issued 1,500 shares of Common Stock, pursuant to the terms of the IP Purchase Agreement.
Documents
Issuer
Glucotrack, Inc.
CIK 0001506983
Entity typeother
Related Parties
1- filerCIK 0001622251
Filing Metadata
- Form type
- 4
- Filed
- Mar 27, 8:00 PM ET
- Accepted
- Mar 28, 9:43 PM ET
- Size
- 27.6 KB